FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: / / (a)
or fiscal year ending: 12 / 31 / 97 (b)
Is this a transition report? (Y/N) N
Is this an amendment to a previous filing? N
Those items or sub-items with a box "[/]" after the item number should be
completed only if the answer has changed from the previous filing on this form.
1. A. Registrant Name: WRL Series Life Account
B. File Number: 811-4420
C. Telephone Number: 813-585-6565
2. A. Street: 201 Highland Avenue
B. City: Largo C. State: FL D. Zip Code: 33770 Zip Ext:
E. Foreign Country: Foreign Postal Code:
3. Is this the first filing on this form by Registrant? (Y/N) N
4. Is this the last filing on this form by Registrant? (Y/N) N
5. Is Registrant a small business investment company (SBIC)? (Y/N) N
[If answer is "Y" (Yes), complete only items 89 through 110.]
6. Is Registrant a unit investment trust (UIT)? (Y/N) Y
[If answer is "Y" (Yes)complete only items 111 through 132.]
7. A. Is Registrant a series or multiple portfolio company?(Y/N) N
[If answer is "N" (No), go to item 8.]
B. How many separate series or portfolios did Registrant have at
the end of the period?
1
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If filing more than one
Page 50, "X" box: [ ]
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For period ending 12/31/97
File number 811- 4420
123. [/] State the total value of the additional units considered in answering
item 122 ($000's omitted) $
124. [/] State the total value of units of prior series that were placed in the
portfolios of subsequent series during the current period (the value of
these units is to be measured on the date they were placed in the
subsequent series) ($000's omitted) $
125. [/] State the total dollar amount of sales loads collected (before
reallowances to other brokers or dealers) by Registrant's principal
underwriter and any underwriter which is an affiliated person of the
principal underwriter during the current period solely from the sale of
units of all series of Registrant ($000's omitted) $
126. Of the amount shown in item 125, state the total dollar amount of sales
loads collected from secondary market operations in Registrant's units
(include the sales loads, if any, collected on units of a prior series
placed in the portfolio of a subsequent series.) ($000's omitted) $
127. List opposite the appropriate description below the number of series whose
portfolios are invested primarily (based upon a percentage of NAV) in each
type of security shown, the aggregate total assets at market value as of a
date at or near the end of the current period of each such group of series
and the total income distributions made by each such group of series during
the current period (excluding distributions of realized gains, if any):
Number of Total Assets Total Income
Series ($000's Distributions
Investing omitted) ($000's omitted)
A. U.S. Treasury direct issue $ $
B. U.S. Government agency $ $
C. State and municipal tax-free $ $
D. Public utility debt $ $
E. Brokers or dealers debt or debt $ $
of brokers' or dealers' parent
F. All other corporate intermed. &
long-term debt $ $
G. All other corporate short-term debt $ $
H. Equity securities of brokers or
dealers or parents of brokers or
dealers $ $
I. Investment company equity securities 1 $1,061,451 $21,732
J. All other equity securities $ $
K. Other securities - accrued dividends $ 1,149 $
and receivables
L. Total assets of all series of
registrant 1 $1,062,601 $
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If filing more than one
Page 51, "X" box: [ ]
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For period ending 12/31/97
File number 811- 4420
128. [/] Is the timely payment of principal and interest on any of the portfolio
securities held by any of Registrant's series at the end of the current
period insured or guaranteed by an entity other than the issuer? (Y/N)
[If answer is "N" (No), go to item 131.]
129. [/] Is the issuer of any instrument covered in item 128 delinquent or in
default as to payment of principal or interest at the end of the current
period? (Y/N)
[If answer is "N" (No), go to item 131.]
130. [/] In computations of NAV or offering price per unit,is any part of the
value attributed to instruments identified in item 129 derived from
insurance or guarantees? (Y/N) Y/N
131. Total expenses incurred by all series of Registrant during the current
reporting period
($000's omitted) $8,079
132. [/] List the "811" (Investment Company Act of 1940) registration number for
all Series of Registrant that are being included in this filing:
811 - 811 - 811 - 811 - 811 -
811 - 811 - 811 - 811 - 811 -
811 - 811 - 811 - 811 - 811 -
811 - 811 - 811 - 811 - 811 -
811 - 811 - 811 - 811 - 811 -
811 - 811 - 811 - 811 - 811 -
811 - 811 - 811 - 811 - 811 -
811 - 811 - 811 - 811 - 811 -
811 - 811 - 811 - 811 - 811 -
This report is signed on behalf of the Depositor, State of Florida.
Date: February 25 , 1998.
WESTERN RESERVE LIFE ASSURANCE CO. OF OHIO
(Name of Registrant, Depositor, or Trustee)
By: /s/ Allan J. Hamilton Witness: __/s/ Priscilla I. Hechler_
Allan J. Hamilton, Treasurer Priscilla I. Hechler, Assistant Vice
President and Assistant Secretary
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